SB Financial Group Inc (NASDAQ:SBFG) Given $21.00 Consensus Target Price by Brokerages

SB Financial Group Inc (NASDAQ:SBFG) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $21.00 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned SB Financial Group an industry rank of 161 out of 256 based on the ratings given to its competitors.

A number of research analysts have weighed in on SBFG shares. Zacks Investment Research upgraded SB Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. ValuEngine upgraded SB Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

In other SB Financial Group news, Director George W. Carter bought 1,500 shares of SB Financial Group stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $26,985.00. Following the purchase, the director now owns 3,187 shares of the company’s stock, valued at approximately $57,334.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of SB Financial Group by 10.2% during the 4th quarter. BlackRock Inc. now owns 6,854 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 635 shares during the period. Acadian Asset Management LLC boosted its stake in shares of SB Financial Group by 2.6% during the 1st quarter. Acadian Asset Management LLC now owns 25,091 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 642 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of SB Financial Group by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 112,565 shares of the financial services provider’s stock worth $1,852,000 after acquiring an additional 1,828 shares during the period. EJF Capital LLC boosted its stake in shares of SB Financial Group by 0.8% during the 1st quarter. EJF Capital LLC now owns 529,151 shares of the financial services provider’s stock worth $9,535,000 after acquiring an additional 4,051 shares during the period. Finally, Cutler Capital Management LLC boosted its stake in shares of SB Financial Group by 8.9% during the 1st quarter. Cutler Capital Management LLC now owns 141,739 shares of the financial services provider’s stock worth $2,554,000 after acquiring an additional 11,570 shares during the period. Institutional investors own 47.51% of the company’s stock.

SBFG stock opened at $17.02 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $109.79 million, a price-to-earnings ratio of 11.27 and a beta of 0.85. SB Financial Group has a twelve month low of $16.05 and a twelve month high of $20.53.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The firm had revenue of $11.34 million during the quarter, compared to the consensus estimate of $11.90 million. SB Financial Group had a return on equity of 10.45% and a net margin of 20.19%. On average, research analysts predict that SB Financial Group will post 1.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.12%. This is an increase from SB Financial Group’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, May 9th. SB Financial Group’s dividend payout ratio (DPR) is currently 23.84%.

About SB Financial Group

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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